EULAV Asset Management Purchases 2,000 Shares of Workday, Inc. (NASDAQ:WDAY)

EULAV Asset Management increased its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 5.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,000 shares of the software maker's stock after acquiring an additional 2,000 shares during the quarter. EULAV Asset Management's holdings in Workday were worth $9,808,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Simplicity Wealth LLC boosted its position in shares of Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after acquiring an additional 37 shares during the period. AllSquare Wealth Management LLC lifted its position in Workday by 19.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after purchasing an additional 41 shares during the last quarter. Private Trust Co. NA lifted its position in Workday by 15.2% during the first quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock valued at $74,000 after purchasing an additional 42 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Workday by 1.5% during the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after purchasing an additional 43 shares during the last quarter. Finally, Salvus Wealth Management LLC lifted its position in Workday by 2.8% during the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock valued at $387,000 after purchasing an additional 45 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Piper Sandler reiterated a "neutral" rating and set a $255.00 target price (up from $230.00) on shares of Workday in a research report on Friday, May 23rd. Mizuho dropped their target price on shares of Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley set a $255.00 target price on shares of Workday and gave the company an "equal weight" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. dropped their target price on shares of Workday from $310.00 to $295.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Finally, JMP Securities reissued a "market outperform" rating and set a $315.00 price target on shares of Workday in a research note on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $297.68.

Insider Activity at Workday

In other news, CAO Mark S. Garfield sold 497 shares of the business's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the sale, the chief accounting officer owned 34,385 shares in the company, valued at approximately $7,789,921.75. The trade was a 1.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the sale, the director owned 67,500 shares in the company, valued at approximately $16,767,675. This trade represents a 10.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 331,775 shares of company stock valued at $77,836,828 in the last 90 days. 20.00% of the stock is owned by company insiders.

Workday Trading Down 0.2%

Workday stock traded down $0.55 during mid-day trading on Monday, reaching $241.21. 2,278,937 shares of the company traded hands, compared to its average volume of 2,465,308. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07. The firm's 50 day moving average price is $249.27 and its 200 day moving average price is $249.42. The firm has a market capitalization of $64.40 billion, a price-to-earnings ratio of 133.27, a P/E/G ratio of 3.65 and a beta of 1.21. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.22. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.74 EPS. On average, analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.